Albanese government unwilling to buy its way out of Trump tariffs

News Snapshot:

Australia's case for an exemption from Donald Trump's next round of tariffs relies on the US president seeing reason, with the Albanese government unwilling to bargain its way out of tariffs it believes will have a modest impact. Mr Trump's so-called "liberation day" is set for late Wednesday or early Thursday, Australian time, with the president poised to impose sweeping "reciprocal" tariffs on anyone who tariffs American goods or otherwise penalises them, in his view. Australian officials have argued the case that Australia should not be penalised because it has no tariffs on American goods, and because the US has...